A Big Lie: Social Security Checks Will Stop
By de Andréa
October 11, 2013
As a follow-up to a previous article titled Debt Ceiling Is Not Default the Fuhrer Obama is again copy catting one of his favorite people in history, Adolph Hitler. Or could it just be the robotic programing he has had from Saul Alinsky’s manifesto. Either way he is up to his old tricks of lying to the American people, more specifically to Grandma and Grandpa, by threatening to cut off their Social Security.
First, this numb brained liar Obama either doesn’t know the law, or he thinks you’ don’t know the law. First, Social Security is a true entitlement it is not welfare. In other words it is your money, you earned it and paid for it. The government cannot hold it back even if they have to print more money to pay it to you. Second…there is plenty of money to pay Social Security until 2033 even at the present rate of Abortion. (That’s government murdering their own people because they are HELPLESS and can’t fight back) And you what to ban guns? Then you too will be helpless and can’t fight back. But I digress…
President Obama on many occasions has said and his Treasury Secretary Jack Lew has intimated that if the government shuts down, they can’t guarantee Social Security checks will go out on time and we may default on our debt. Hog Slop!
The truth about Federal economics is the Fed collects roughly $200 billion every month. The interest on the debt is around $20 billion a month or roughly 10%, so of course we can pay our debts rather easily I might add. What they can’t do is spent more than they are given by us. What we should do is take the ability to raise the debt ceiling away until they balance the budget. I know, the Democrat Communists would go through withdrawals and get sick, hallucinate and go crazy, but the already do that .
But 'what about Social Security', the dreaded “third rail” of politics? Both Republican and Democrat politicians like to play word games with the so-called “third rail.” Yet it is only the Democrats that claim if this or that demand isn't met, Grandma and Grandpa will not get their Social Security checks.
Just a note: as of May 1, 2011, the government began phasing out physical checks, not only for Social Security but all benefit payments. And as of March 1, 2013, all benefit payments are electronic transfers. So let’s stop with the “granny won’t get her check” business. It’s all automatic. It’s just semantics.
So why is what Obama and Treasury Secretary Lew are saying such a shameful lie? The answer is that it is impossible for Social Security not to have the money to pay out each month, regardless of the debt ceiling or government shut down of any kind. It is’ however, estimated that between 2033 and 2038 Social Security will indeed be dead if nothing changes. Well it is 2013 my friend and all is well. Well sort of!
Obama said, “In a government shutdown, Social Security checks still go out on time. [BUT] if we don’t raise the debt ceiling – they don’t go out on time.” As I said, Hog Slop!
That not-so-subtle threat is just that, a hollow empty lying threat and he must know it. And if he doesn’t, he is too stupid to hold office or even work the counter at the local 7 Eleven.
What none of them ever mention is the existence of the famed Social Security “Old Age and Survivor Trust Fund,” filled to the brim with $2.4 trillion in IOUs (government securities), which by the way should be added to the national debt. They also fail to mention, maybe figuring taxpayers won’t notice, that the FICA tax (12.4%) is still being taken from every paycheck, every week, and theoretically placed in the trust fund.
The government estimates that Social Security will collect approximately $740 billion this year, which according to Forbes covers 86% of all Social Security payouts. That’s a difference of 14% that they can pay out of the 200million a day that they collect from the rest of us. If nothing changes – no debt ceiling increase, no tax increase, the trust fund ($2.4 trillion) as it stands now, can fill in any payment gaps for 20 years even if they continue to kill future workers. (That’s through abortion)
But, you may ask. I thought there were no Social Security funds. That Congress stole the money out of the lockbox and spent it on some of their favorite things? You’d be right – they did, but the treasury left behind IOUs or government securities as collateral. These treasury securities or IOUs must be redeemed when the Social Security administration has an account deficit.
Obama and Lew are just lying as Communists do, so they can turn all the Grey People against the Capitalist Republicans in the next election. Not to worry Gram!
Neither Obama nor Lew can stop grandma’s check unless they act illegally, although I wouldn’t put it past this hateful criminal vindictive bunch of Comies to try it. Remember, this is the same crowd that is removing the “from all sources of along several popular scenic bicycle and jogging paths in our National Parks and forest.
This just shows you how childish, vindictive and mean spirited our Muslim president Obama really is …
If you agree, please share these posts with your friends, family and co-workers. The only way to defeat the lies and propaganda of an evil government and its controlled media, is to spread the truth.
Thanks for listening – de Andréa
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